Economy

Tuesday, December 6th 2011 - 04:19 UTC
Vietnamese teaching Cubans how to grow rice efficiently

Cuba plans to enlarge to 40,000 hectares a Vietnamese-aided test farm to expand production of rice, official media said on Monday.
Monday, December 5th 2011 - 22:20 UTC
Chilean carrier launches fourth affiliate Lan Colombia

LAN Airlines, Chile’s flag carrier made the official launching of its fourth affiliate under the name of Lan Colombia, becoming the second largest airline in the country with 22 domestic destinations, including Cartagena, Cali and Medellín.
Monday, December 5th 2011 - 20:32 UTC
Spanish government ‘concerned’ with Argentine harassment of fishing vessels in Falklands’ waters

The Spanish government has expressed ‘concern’ about claims from the Vigo-based fleet operating in the south-west Atlantic which has come under continuous harassment from Argentine naval patrols claiming they are fishing ‘illegally’ in ‘Argentine waters’ in spite of having licences awarded by the Falkland Islands government.
Monday, December 5th 2011 - 20:24 UTC
“Mercozy” Euro ‘fiscal control’ plan to be announced Wednesday

French President Nicolas Sarkozy and German Chancellor Angela Merkel met in Paris on Monday to align their positions on centralizing control of Euro zone budgets to stem a debt crisis that threatens Europe's currency union.
Monday, December 5th 2011 - 06:51 UTC
Top Republican claims Obama is losing the Brazil battle to China

The US top Republican on the Senate Foreign Relations Committee said President Barack Obama is missing opportunities to strike closer ties with Brazil, allowing China to steal market share from US companies in Latin America’s biggest economy.
Monday, December 5th 2011 - 06:48 UTC
Mujica calls CELAC “a second independence” but warns beware of dogmatism

Uruguayan president Jose Mujica described the newly formed CELAC as a strong step towards the Americas ‘second independence’ and its integration process.
Monday, December 5th 2011 - 06:44 UTC
Crucial week for Euro stability takes off in Paris with Sarkozy-Merkel meeting

French President Nicolas Sarkozy and German Chancellor Angela Merkel meet on Monday in Paris the kick off for a round of talks involving European leaders, the European Central Bank (ECB) and US Treasury Secretary Timothy Geithner, culminating in Brussels on Friday with an EU summit.
Monday, December 5th 2011 - 06:36 UTC
Baush & Lomb takes control of Waicon, Argentina’s top seller of contact lenses

US corporation Bausch & Lomb Inc. has acquired all shares of Laboratorio Pfortner Cornealent SACIF in Argentina, the Rochester based company’s officials announced although details of the sale were not disclosed.
Monday, December 5th 2011 - 06:00 UTC
China becomes the first to congratulate Latinamerica countries on CELAC

Chinese president Hu Jintao was the first to congratulate the newly formed CELAC and expressed Beijing’s wishes to strengthen trade relations, cooperation and political understanding with the region.
Monday, December 5th 2011 - 05:22 UTC
Brazil and BRIC beat forecast of the man who coined the term

Ten years ago this week, Jim O’Neill, chairman of Goldman Sachs Asset Management, coined the term BRIC, elevating the profile of four countries, Brazil, Russia, India and China, that he thought were poised to become “growth economies.”